Stella-Jones (TSE:SJ) Sets New 1-Year Low - Time to Sell?

Stella-Jones Inc. (TSE:SJ - Get Free Report) hit a new 52-week low during mid-day trading on Thursday . The company traded as low as C$65.11 and last traded at C$65.85, with a volume of 34497 shares trading hands. The stock had previously closed at C$66.42.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Cibc World Mkts raised shares of Stella-Jones from a "hold" rating to a "strong-buy" rating in a report on Tuesday, January 14th. Scotiabank lowered their price objective on shares of Stella-Jones from C$85.00 to C$79.00 in a research note on Monday, March 3rd. Finally, CIBC upgraded shares of Stella-Jones from a "neutral" rating to an "outperform" rating and increased their price objective for the stock from C$83.00 to C$86.00 in a research note on Wednesday, January 15th. One investment analyst has rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Buy" and an average price target of C$86.60.

Stella-Jones Stock Down 0.2 %

The stock has a market cap of C$3.85 billion, a P/E ratio of 12.03, a PEG ratio of 2.40 and a beta of 0.64. The company's 50 day moving average price is C$70.20 and its two-hundred day moving average price is C$78.11. The company has a current ratio of 6.85, a quick ratio of 1.20 and a debt-to-equity ratio of 87.53.

Stella-Jones Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, April 18th. Shareholders of record on Tuesday, April 1st will be paid a dividend of $0.31 per share. This is a boost from Stella-Jones's previous quarterly dividend of $0.28. This represents a $1.24 dividend on an annualized basis and a yield of 1.80%. Stella-Jones's dividend payout ratio (DPR) is presently 19.56%.

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Insiders Place Their Bets

In other news, Director Patrick Kirkham bought 2,035 shares of the firm's stock in a transaction on Thursday, December 19th. The shares were bought at an average price of C$70.36 per share, for a total transaction of C$143,179.34. 0.14% of the stock is owned by company insiders.

Stella-Jones Company Profile

Stella-Jones Inc produces and sells lumber and wood products. The company operates in two segments: Pressure-treated wood, which includes utility poles, railway ties, residential lumber, and industrial products; and Logs & Lumber segment comprises of the sales of logs harvested in the course of the company's procurement process that is determined to be unsuitable for use as utility poles, it also includes the sale of excess lumber to local home-building markets.